More than Money Blog
There is more to living a happy and productive life than staying hyper-focused on finances.
While staying within your means and keeping on top of money matters can help you highlight what’s important, it’s the “what’s important” that truly matters. Broussard Poche wants to shift your focus from being worried about finances to enjoying the fruits of your labor. Our blog will keep you on the right track, offering advice, tips, and reminding you to enjoy your business and your family along the way.
CONTRIBUTOR: Elizabeth J. Moreau, CPA/ABV, CVA, CHFP
Liz is a partner in the tax department of Broussard Poché, LLP with more than 25 years of experience in virtually every dimension of business. She’s cultivated a wealth of knowledge in areas of corporate taxation, financial analysis and business appraisal. She shares her knowledge here, on the More than Money Blog.
CONTRIBUTOR: John L. Istre, CPA
John has been with Broussard Poché, LLP for 20 years, becoming one of the go-to sources for audit info. Now, John serves as Audit Department Head — performing audits for all types of entities with a special emphasis on financial institutions and Nonprofit Organizations. He shares his audit and general business knowledge here, on the More than Money Blog.
Here’s what you need to know about Form 1099
The IRS requires 1099s to be issued to track income and, in some cases, income movement. So, you’ll have a smooth tax season if you act on every 1099 received and report all your income.
Getting Clear on Capital Gains, Part II
This is the second and final installment of our blog series explaining capital gains taxes. Last week’s introduction to capital gains taxes provided background on what constitutes a capital gain. It also provided information on what qualifies as a capital asset. This week, let’s concentrate on understanding how capital gains taxes can impact your bottom […]
Getting clear on capital gains, Part I
This is the first in a two-part series explaining capital gains. There’s no doubt 2022 was a complete letdown for the average investor. Stocks, crypto, and real estate all took hits last year. The S&P 500 stock index was down nearly 20%, its worst year since the financial meltdown of 2008. Bitcoin, the standard by […]
Here are four telltale signs of a fake IRS letter
Happy New Year! There’s always a lot to look forward to in January. But there’s a lot to look out for, too, like new tax scams that appear annually. We discussed various text and email tax scams in a November blog post. In it, we said the IRS will never contact you via telephone, email, […]
The IRS is making changes to retirement contributions for 2023. Here’s what you need to know.
2022 is in the rearview mirror, and most people are glad to see it go. It was a year of high inflation and low investment returns, the worst in over a decade. It’s difficult to know if 2023 will be better than its predecessor, but one thing is sure. Regardless of what happens next year, […]
Looking for flexibility in a tax-deferred account? You need to see this.
As we head into the new year, thoughts turn toward end-of-year tax filing. Many people have one thought: “How can I keep more of my hard-earned paycheck?” In earlier posts, we covered tax-saving vehicles for education, like 529 Plans and IRAs for retirement. But there’s another one involving health insurance you may not be familiar […]
Do you need to be concerned about the Alternative Minimum Tax?
You don’t hear much talk about it anymore, but the Alternative Minimum Tax, or AMT, has been around for a long time, and it’s a tax system that taxpayers can’t afford to ignore completely. Though most taxpayers will never be subject to the AMT, it can be a rude surprise if you are. That’s because […]
Rules for claiming relatives as dependents
The end of the year brings about an inevitable round of questions regarding tax returns, especially what is (and isn’t) legal to claim. One potentially thorny question is who can be claimed as a dependent. IRS rules cover almost every conceivable scenario, including housekeepers. That’s beyond the scope of this article. Still, we will get […]